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Industrial Development

Taxes and Incentives

Oakland, Tennessee is a great place to live, work and do business. With low tax rates and great business incentives, Oakland is a place for your business to take root and thrive. Tax incentives are available for a number of business types and sizes. For more information about business incentives in Oakland and Fayette County, contact your local Economic and Community Development base camp.

Click here to learn more about incentives available for industry in Fayette County.

Click here to learn about property tax advantages of doing business in Oakland.

Workforce

Oakland TN and the Memphis region offers a diverse, metropolitan workforce at wage rates that are lower than most other parts of the country. The region is home to a host of world-class higher education institutions, the largest community college in Tennessee, a number of public and private vocational and technical training facilities and a long list of quality public and private school systems. Over the past three decades, the presence of companies like FedEx and the region’s superior distribution infrastructure have earned Memphis the title, “America’s Distribution Center.” During the same period the region’s workforce has a higher percentage of logistics workers than any other metropolitan area in the country.

Click here to learn more about Oakland TN and the Memphis Regional workforce.

Utilities

Memphis Regional Megasite

The Memphis Regional Megasite is a McCallum Sweeny Certified Megasite with 1,720 contiguous acres available for development. The site is located in Staton, TN only a few miles from the northern Fayette County border.

Memphis Regional Intermodal Facility

The new Memphis Regional Intermodal Facility will be built on a 312-acre site in Rossville, Tenn., and is expected to open in late 2012. The $105 million terminal is a part of the railroad's multi-state, 2,500-mile and $2.5 billion Crescent Corridor program of projects to establish a high-speed intermodal freight rail route linking the Gulf Coast and the Northeast.

The terminal will have the capacity to handle more than 327,000 containers and trailers annually. It will utilize the latest in gate and terminal automation technology, which shortens the waiting time for trucks entering the terminal, thereby reducing exhaust emissions and improving truck driver productivity.

Fayette County Airport

Fayette County Airport is a county-owned, public-use airport located two miles southwest of the central business district of Somerville, in Fayette County. The airport has the capability to handle most mid-size business jets such as the Lear Jet, Falcon Jet, Cessna Citation series, Canadair Challenger, etc. Click here to read more.

Important Links

Click here to find useful links for relocating, expanding and new industry in Oakland, TN and the surrounding area.